The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-06-08
New York Etock Market Quiet and Heavy
Throughout the Day,
The Fluctuations Bsing Extremely Narrow
Except Few spsclsltiss.
Final Quotations in the Railroad Bond Market
Show Irregular Changes.
Local Markets-Au Grades of Wheat Firm
Corn Quiet-Oats and Rye Steady
Hay Quiet.

NEW YORK June 6.-MoneY on call to-day
was easy at SOS per cent; closing offered at 3
per cent.
Prime Mercantile Paper-5@6 per cent.
Sterling Exchange-Dun and weak at 4s5 for
sixty-day bills and 1861 for demand.
The total sales Of stocks to-day were &c.,
shares, Sincluding the following: Delaware
Laekawanna and Western, 600; Erie, $500;
Fort Worth and Denver, 800; Lake Shore,
$3.50; Louisville and Nashville, 5000; New Jer-
sey Central, $500; Pacific Mail, 1894; Reading,
141OO; st. Paul, 9,4OO; Western Union, 5,22O.
The new week on the stock opened with quiet
and rather Hstless market in which a half
dozen stocks completely monopolized the inter-
est, and two of these made the temper OF the
speculation at different periods of the day. The
announcement of the proposed extra issue of
stock by the st. Paul company, coming as it did
after the unfavorsble bank statement of satur-
day, created marked depression in the granger
stocks, in which the general list sympathized to
a limited extent. Later in the day there was
a sudden squirt in Western Union, based upon
widespread rumors that a dividend would
shortly be declared upon the stock, which
scheme is said to be favored by
several of the most influential stock
holders. Under this stimulus a better feel
ing became noticeable throughout the entire
list. There was extensive covering of shorts in
Pacific Mail throughout the afternoon, and the
stock made material advance. The improve
ment in the market was also aided late in the
day by a reduction in the rates of sterli ng ex-
change. Besides the stocks mentioned above,
there were large dealings in Wheeling and Lake
Erie advancing prices, though the gains made
are generally attributed to the efforts of the
clique now bulling the stock. The remainder
| of the list was quiet and without feature, the
| fluctuations being extremely narrew, except
| in q few specialties, prominent among
! which were Tennessee Coal and Iron
and Marquette, Houghton and Ontonagon
common, both of which broke badly in the
forenoon, but made partial recoyeries toward
| the close. The opening was moderately active
and weak, first prices showing declines from
Saturdays final figures extending to "A per
cent. Fort Worth and Denver and Wheeling
and Lake Erie showed considerable strength,
both making fractional advances while further
/ declines were established throughout the re-
meinder of the list. After the first hour firmer
feeling was impaired to the trading, notwith-
| standing which Tennessee coal dropped per
cent. Western Union suddenly sprang into
activity after II O'Clock, displaying at the time
unusual strength. The general list became
firm, and fractional gains were recorded.
Pacific Mail afterward became the leading
strong stock, while Marquette Houghton ard
Ontonagon dropped SIz per cent Prices shaded
off little in the last hour but the close was
steady, generally near the best prices of the
day. Final quotations show irregular changes
Western Union and Wheeling and Lake Erie are
each up IL, Tennessee Coal and Iron is down
IL, St. Paul II and Jersey Central 1.
Railroad bonds were quiet. Sales, s., so, 900.
Atlantic and Great Western incomes contributed
s195.Ooo and Denver and Rio Grande fours
Sal, ZOO. Final changes are fractional.
Government bonds are dull and steady.
State bonds are dull and steady.